Active For Sale Retail

500 S Telshor Blvd

Name: 500 S Telshor Blvd
Address: 500 S Telshor Blvd, Las Cruces, NM, 88011, US

500 S Telshor Blvd, Las Cruces, NM, 88011

ID cccf8953

Overview

Investment Summary:Tenant: LongHorn Steakhouse (Darden Inc.)Address: 500 S Telshor Blvd | Las Cruces, NMPrice: $3,300,000Cap Rate: 5.00%NOI: $165,000Term: 10 YearsLease Type:Absolute NNN Ground Lease. Tenant pays taxes directly. Corporate lease structure, memorandum of lease recorded.

Available Spaces

10-Year NNN Ground Lease

Available SF: 5,780 SF
Rate: SF/Year
Status: Available

Additional Information

City: Las Cruces
State: NM
Zip Code: 88011
Primary Uses: Retail
Secondary Uses: Restaurant

Zoning: C-3
Zoning Description: Commercial High Intensity
Building Name: Longhorn Steakhouse
Year Built: 2,027